Axilor Ventures ties up with PayU India for its accelerator programme

Fintech is one of the five focus areas for the cohort in the Summer 2017 batch. Together with PayU India, Axilor aims to improve the odds of success of FinTech startups and make them investible faster.Pratik Bhakta | ET Bureau | February 17, 2017, 15:17 IST

Early stage fund, Axilor Ventures, has tied up with digital payments company PayU India as the industry partner for its Accelerator Program. Axilor has recently announced doubling the intake for its Summer'17 Accelerator Program.

Fintech is one of the five focus areas for the cohort in the Summer 2017 batch. Together with PayU India, Axilor aims to improve the odds of success of FinTech startups and make them investible faster.

"The recent changes have accelerated the adoption of digital services in both consumer and enterprise segments - financial services are one of the most underserved needs and will see rapid innovation. We are looking for Fintech startups that will drive this change," said Ganapathy Venugopal, Cofounder and CEO of Axilor Ventures.

"For startups in the accelerator program, market access and industry connects work as catalysts for growth. We are extremely pleased to partner with the industry leader like PayU India to support the Fintech startups. This engagement will help FinTech startups with one-on- one focussed mentoring, market access and marketing support," he further added.

"FinTech services are going to propel India in its strive towards digitalization and cashless economy. This space touches upon almost every consumer in India on a day to day basis. The socio-economic conditions of today further look upon young entrepreneurs and emerging startups to disrupt the status quo and unveil huge potential in the domain. At PayU India, we are glad to be associated with Axilor Ventures and provide access and guidance to these start ups in their formative years," said Jitendra Gupta, managing director, PayU India.